Global Supply Chain Crisis Worsens After Key Port Strike

Global Supply Chain Crisis Worsens After Key Port Strike

Summary

Global Supply Chain Crisis Worsens After Key Port Strike

Global Supply Chain Crisis Worsens After Key Port Strike
A week-long strike at Port of Singapore, the world’s second-busiest shipping hub, has escalated global supply chain disruptions, delaying everything from electronics to pharmaceuticals.
Over 10,000 workers demand higher wages amid inflation, paralyzing 30% of cargo operations. Analysts warn this could spike holiday season prices, with Toyota and Apple already reporting production slowdowns.
"This is a perfect storm," said trade expert Raj Patel. "Post-pandemic demand, labor shortages, and now strikes—we’re nearing a breaking point."